Government crisis. Lets get a check of how u. S. Markets are trading thanks to with julie hyman. We are getting in my skin Interest Rate decision this hour. Julie it seems the central bank of mexico has raised rates in mexico by 25 basis points. That is at least something of a surprise. 19 out of the 32 economists in our survey were expecting the bank to remain at 6. 5 . Instead, we got that 25 basis point increase in rates care. We are looking at how the peso has done since the u. S. Election. It looks like it might be extending losses in todays session. Why dont we call it up on the bloomberg, and take a look at what is happening at this moment. Look at my bloomberg here. We are seeing a little bit of a leg lower in the u. S. Dollar versus the peso. That is how it is priced here. We already had been seen a down fort of a come the u. S. Dollar as the u. S. Government gave formal notice of a renegotiation of nafta, which will occur, present become over the next couple of months. A litt
Go, go go big or go home go, go welcome to power lunch. As melissa mentioned a major average is bouncing back a bit from yesterdays big selloff as we take a look at the dow right now, we are higher by about 40 poin points s p 500 up by 60. Walmart is up over 2 on the back of their Earnings Report out before the bell. Meanwhile, cisco down sharply. The Company Giving i a weak outlook for the Current Quarter and announcing 1,100 new job cuts. Shares of Athena Health up 20 . Disclosing a big stake in the company and saying its shares are, quote, significantly under belly. Tyler . Thank you very much, courtney. Welcome, everybody. We begin with breaking news. Sue herrera as your news desk, sue . Right now we know one person has died, 12 others are injured after a car slammed into a crowd of people in times square. It was the height of the midday lunch hour. At this point, it is not believed that this deadly crash has any link whatsoever to terrorism. Officials with Homeland Security tellin
First, we start off with the move in Health Care Stocks today. The sector rallying more than 1 , surging to an all time high. This as bio tech stocks continue to break out, tracking for their best week since after the Election Health care, the best performing sector for june, so did we just witness a major rotation of the market and could health care be the next hot area of growth. Yes to all of that . I dont know about all of that your last thing. Then i sort of tune out. I get that. But now, absolutely. Is there a rotation going on im not serp, be but i think people are realizing that valuations in health care make sense. Maybe bio tech isnt under the mike scope we thought it was and now, youre having some listen, i dont think the pfizer, Bristol Myers deal is going to happen, but when you start to hear speculation about things like that, it lead to a Healthy Group for the space. Its led by celgene. Look at the performance small u to mid cap names xdi is is up what, 30 plus percent .
Dow only declining three points, s p advancing 1. 6 i totally understand why when employment, the primary indicator of economic strength, is at its best level in four decades. But so many other indicators are slipping, everything from housing to autos, retail sales and oil. In fact, someone asked me what i thought of the market last night after a Live Audience show i ended up saying i dont know if there is a market to care about now. Theres just pronounced sectors and rotations into and out of them that happen at the flick of a switch this week the Health Care Sector ral yesterday. Everything else took a dive. As well as some fabulous action in technology. Still, the debate over the economy will rage, because the fed is in tightening mode, trying to get back to normal rate keeping thats fine if youre looking at employment numbers but not so hot if youre looking at anything else maybe we need a little life support, which is why we start on monday with the durable goods orders if we get
A gain of 115 points expected if we were to open here s p is indicated up by 8 points. The nasdaq up by 31 points overnight in asia, youll see that the market theres also ended higher with the nikkei up a third of a percentage point. The hang seng up 0. 8 . The shanghai up 0. 59 . And the kospi up 0. 84 in europe this morning, you will see similar moves. Gains across the board there the dax is up by 0. 55 so is the cac. Ftse up by 0. 8 . If you check out wti, crude oil, 50. 27 wti for july broke a fourmonth losing streak. Had its best month since april 2016 look at the dollar index, the dollar index saw its worst month since 2016 dollar is stronger against the euro and yen trading at 1. 1813 and the dollar yen at 110. 34 fifth negative month in a row. Lets get you through some big stories. The s p 500 will start excluding companies that have multiple classes of shares. The move bars snap from the index. The Company Offering new investors a class of common stock with no Voting Rights. T